Sprouts Farmers Market closes $600 million revolving credit facility
CBRE Group, Inc. (NYSE:CBRE), a leading global real estate services firm, has amended its credit agreement to increase its borrowing capacity. On March 13, 2025, the company and its subsidiaries entered into Amendment No. 1 with lenders and Wells Fargo (NYSE:WFC) Bank, National Association as the administrative agent. This amendment allows the company’s subsidiary, Relam Amsterdam Holdings B.V., to obtain up to an additional $750 million in incremental commitments.
Following this amendment, CBRE Group took further action on Friday, securing incremental term loans totaling approximately €425 million and $125 million, denominated in Euros and U.S. Dollars, respectively. These loans, referred to as the 2025 Incremental Term Loans, are intended for general corporate purposes, which may include working capital, financing acquisitions, and covering related fees and expenses.
The terms of these new loans are consistent with those of the existing Tranche A Loans under the Amended Credit Agreement. The incremental loans are set to strengthen the company’s financial flexibility and support its strategic initiatives.
This financial maneuver is a testament to CBRE Group’s proactive management of its capital structure and its commitment to maintaining financial agility. The information disclosed in this article is based on the company’s recent filings with the Securities and Exchange Commission.
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